YC President & SV Angel founder:Geoff Ralston & Ron Conway
Geoff Ralston is the President of Y Combinator and has been with YC since 2011. Ron Conway was a founder and Managing Partner of the SV Angel.
A founder is driving the boat. A great idea can fail spectacularly with a bad founder at the helm. Also, history shows that major company pivots are far from rare. Consider character and integrity when you’re evaluating a founder and their team.
Starting a company is one of the hardest things you can do.
It’s invigorating to be around founders who work unbelievably hard to bring their ideas to life. Unfortunately, some founders can’t bear the stress of this endeavor. Seek out passionate, determined people who seem able to weather the storm.
There’s no way around it – failure is part of the angel investing experience. Most of your deals will probably fail, and that is a-okay. See each one as a learning opportunity for you to further hone your skills.
Consider yourself a strong networker? A LinkedIn savant? This could make you a really valuable asset to a growing company. Offer to connect founders with your contacts if they need help building out management teams. This also goes for building out production.
A founder who seems preoccupied with clout chasing rather than their metrics or user experience should send you running– as should any hint of procrastinator tendencies. A great founder will move quickly and with clarity.
Consider the success (and failure) rates of your investments and diversify accordingly! This is especially true for investors new to the game. Invest across multiple companies to give yourself more chances at success– putting all your eggs in one basket is extremely risky.
As mentioned in Class 5, the more you build out your network, the more you will be able to help founders and companies through your contacts. It’ll also allow for more deals to come down through the grapevine for you.
Using your power as an investor to help the community and be civilly engaged is seriously fulfilling. You have the power to back companies that provide solutions to problems you feel passionate about.
In March of 2018, something big happened: the best startup investor on the planet shared its entire playbook. This investor also happens to be the world’s most famous startup accelerator, Y Combinator. From Airbnb to Doordash to Dropbox to Stripe, YC has funded many of the biggest
startups you can name.
We wanted to put YC’s Startup Investor School videos right at the fingertips of our favorite people out there, Wefunder investors. To that end, we put in some crowdfunding and Wefunder-specific tid-bits, too.
While we are a YC Alum, Wefunder has no current affiliation with Y Combinator. So, many thanks to Y Combinator for all of the video material used on this page! They produced and own all of these wonderful videos while we wrote the summaries.
1,486 startups have raised $633,206,448 on Wefunder
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 1289 startups
Wefunder Advisors LLC
for 304 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).